The post Google cloud launches blockchain RPC service for developers appeared first on AIBC.
]]>Google Cloud’s blockchain RPC service offers developers a new way to interact with blockchain networks using Google’s robust cloud infrastructure. Designed to be fast, reliable, and scalable, this service allows developers to make API calls and integrate blockchain data into their Ethereum-based DApps with just a single line of code.
Blockchain RPC acts as a middleman between blockchain nodes and DApps. It enables applications to interact with a blockchain without having to manage or run full nodes themselves. For developers, RPCs are the backbone of any DApp. Without them, applications wouldn’t be able to interact with the blockchain to retrieve or update information. During peak usage times, such as token claims or NFT drops, DApps often struggle with network congestion, causing delays and even service outages.
Google Cloud’s blockchain RPC service is designed to address these common issues by leveraging Google’s large-scale infrastructure. With Google’s reputation for reliability and performance, developers can trust that their blockchain applications will run smoothly even during high-demand periods.
The free version of Google Cloud’s blockchain RPC service supports up to 100 requests per second and 1 million requests per day. This is more than enough for most small to medium-sized projects. One of the standout features of Google Cloud’s blockchain RPC service is its scalability. As blockchain-based applications grow in popularity, the ability to scale quickly and efficiently is critical.
Google Cloud’s blockchain RPC service supports Ethereum’s mainnet and testnets. By supporting the Ethereum JSON-RPC standard, Google Cloud makes it easier for developers to integrate the service into their existing projects with minimal adjustments. It brings world-class infrastructure to the Web3 space, offering developers access to one of the most reliable and secure cloud platforms globally.
As the Web3 ecosystem continues to evolve, Google Cloud is well-positioned to become a key player in this new frontier. With its blockchain RPC service, Google Cloud is not only providing essential tools for developers but also signalling its commitment to the decentralised future of the internet.
The post Google cloud launches blockchain RPC service for developers appeared first on AIBC.
]]>The post Where tech meets gaming: AIBC launches revamped brand appeared first on AIBC.
]]>Speaking to AIBC News, Managing Director Olga Yaroshevsky commented that, “The mission for AIBC is to bring emerging technologies closer to the iGaming industry, to educate players, regulators and business owners on the benefits of emerging tech, and to support new tech as a major facilitator for the gaming industry.”?
Serving as a bridge between emerging technologies such as AI, blockchain, Web3, and the rapidly evolving iGaming sector, AIBC’s new look reflects its broader focus on innovation. With cryptocurrencies revolutionising payments for casinos and AI enhancing responsible gaming, AIBC’s new identity and expanded tech coverage, including metaverse and digital assets, aligns with SiGMA’s global growth. This dynamic and vibrant rebranding reinforces AIBC’s commitment to becoming a key player in gaming and tech convergence worldwide.
Launched in 2018 in Malta, the inaugural summit served as a launchpad for Malta’s novel regulation on DLT, earning the country its name as the Blockchain Island, and setting the stage for mass adoption of the technology. Since then, the conference has become a globally respected nexus for an expert line up of thought leaders, government figures, and businesses to explore the future of emerging technologies and their applications.
As part of a documentary produced to celebrate the Group′s upcoming 10 year anniversary, Group Founder Eman Pulis explained that, “Based on the huge interest in blockchain in Malta, we felt there was a great opportunity to bring emerging tech closer to the world of iGaming. It was then, in 2018, that we launched the first summit for emerging tech.”
Capturing AIBC’s brand essence of strength, clarity, and precision
Speaking about the design process, Creative Manager Perpetua Kokkinou elaborated that, “With the momentum of our SiGMA World brand, it was a natural progression to elevate and refine the AIBC branding to align with this new era. AIBC and SiGMA have always worked in close synergy, making the evolution of AIBC a key milestone in our journey.?
“The rebranding, built on strong foundations and an optimised design, stands as a testament to this collaboration, ensuring that AIBC maintains a consistent design alongside the vibrant and dynamic identity of our upcoming summits, starting with our Europe Summit—the flagship event of the SiGMA World portfolio.”
?“As AIBC continues to grow and expand across global markets, attracting influential figures and industry leaders, it was essential for the brand to embody a bold, confident identity. The refreshed design, rooted in meticulously crafted graphic communication, captures AIBC’s brand essence of strength, clarity, and precision, ensuring it remains at the forefront of innovation and excellence.”
AIBC Europe 2024
AIBC Europe is closing out the SiGMA World Tour 2024 with a spectacular finale. Join us from 11-14 November at the Mediterranean Maritime Hub (MMH) for unforgettable experiences, networking opportunities, and the latest industry trends.
The post Where tech meets gaming: AIBC launches revamped brand appeared first on AIBC.
]]>The post London-based blockchain gaming Tribally expands in the Philippines appeared first on AIBC.
]]>According to the company’s market analyst Indes, the Philippines is a key market for Tribally, with a large portion of its players, supporters, and team members coming from the country. “The Philippines has an unmatched passion for gaming in general,” Indes said. “We believe that the strong community here aligns perfectly with our vision of fostering sustainable, community-driven play-to-earn experiences.”??
Tribally’s P2E model features a unique element called “wagers,” which allows players to increase their earnings while maintaining the integrity of in-game economies. By using $TRIBAL, the platform’s native token, and $USDC for wagers, players earn a commission on all wagers placed. This revenue is distributed among players, the game’s ecosystem, and Tribally’s peer-to-peer (P2P) wagering service, creating a mutually beneficial “win-win-win” setup. ??
David?de-Vilder, CEO of Tribally, explained, “Unlike traditional P2E games, where rewards are often directly tied to in-game economies, Tribally’s wager system offers a more sustainable approach. This helps to sustain the value of rewards as more players join the ecosystem.”???
To strengthen its presence in the Philippines, Tribally has partnered with local Web3 edutech company Bitskwela to launch an on-chain gaming education program. This initiative includes online courses, educational content featuring prominent influencers, and user guides on Bitskwela’s platform, designed to equip Filipinos with knowledge and best practices for the P2E ecosystem. ??
Additionally, Tribally and Bitskwela will conduct a university tour in the last quarter of 2024, offering interactive gaming workshops to help students navigate the evolving world of on-chain gaming.???
Jiro Reyes, CEO of Bitskwela, expressed optimism about the partnership, stating, “Tribally’s commitment to elevating Web3 gaming aligns with our mission to empower Filipinos with the knowledge and skills to thrive in this space. By providing access to both play-to-earn opportunities and educational resources, we’re helping Filipinos explore new possibilities within the Web3 space.”?
The post London-based blockchain gaming Tribally expands in the Philippines appeared first on AIBC.
]]>The post From the court to crypto: Jared Dillinger ventures into Web3 and blockchain appeared first on AIBC.
]]>Speaking with AIBC News, Dillinger said he is exploring the dynamic world of Web3, artificial intelligence (AI), and blockchain technology. Dillinger leads a media production company that delves into Web3, gaming, and finance. “Daredevil Media is a network that I’ve created where I have not only my personal brand, but I also have two hit shows,” Dillinger shared during the AIBC Asia conference. This venture showcases his growing interest in technology and innovation, highlighting his ability to balance his sports career with his digital pursuits.?
Dillinger’s Daredevil Media serves as a hub for his digital content, featuring two successful shows: “Let It Fly,” a basketball podcast that ranks number one in the Philippines and number four in the United States, and “GM Crypto,” which focuses on Web3, blockchain, and non-fungible tokens (NFTs), and holds the top spot in tech news in the Philippines and fourth in the US. Dillinger expressed his enthusiasm about the network’s rapid growth, stating, “I’m having a lot of fun. We’re getting a lot of distribution, whether it’s in the States, whether it’s here, and we’re just getting bigger and bigger.“?
Dillinger’s interest in blockchain and cryptocurrency was sparked during the pandemic, a period that gave him the freedom to delve into new interests outside of basketball. “I had a lot of time to think, to calculate, and to figure out how I could do this properly,” he explained. After two years of dedicated learning, marked by both gains and losses, Dillinger found his footing in the industry, guided by valuable mentors. He remarked, “Things have been picking up quite well, but the job is not finished. I still have more scaling to do.”?
Offering advice to newcomers in the blockchain and crypto space, Dillinger stressed the significance of education and a cautious approach. “There’s a lot of information out there that’s not the correct information,” he warned. ??
As an avid gamer and streamer, Dillinger sees immense potential in the convergence of gaming, AI, and blockchain. He believes these elements will drive the future of Web3, emphasising that “Gaming mixes so well into a handful of crypto components.” He pointed out the compatibility between NFTs and gaming, suggesting that the shift from traditional servers to decentralised nodes could transform game management and gameplay. “Gaming is really going to be the central force that crypto will be piggybacking on for years to come,” Dillinger predicted.?
Moreover, Dillinger is optimistic about how technology will revolutionise sports, particularly through the integration of blockchain, AI, and crypto. He envisions enhanced fan engagement, deeper analytics, and improved transparency, noting, “We can have deeper analytics. Everything’s going to be transparent on the blockchain, and you can’t change that.” ?
Dillinger also sees the potential for AI referees to make accurate, unbiased calls. Despite these advancements, he emphasised that the primary goal should be to benefit the sports community, stating, “The main thing is really servicing the community behind these sectors.”?
In the future, Dillinger said he plans to transition into a coaching role in basketball, utilising his leadership skills to mentor the next generation. Regarding Daredevil Media, he envisions expanding beyond podcasts and shows, sharing his ambition: “I think the next step is that we need to build a website similar to the Players Tribune.” Dillinger also hopes to explore sports documentaries, aiming to bring the stories of Filipino sports figures to a wider audience.?
The post From the court to crypto: Jared Dillinger ventures into Web3 and blockchain appeared first on AIBC.
]]>The post Crypto hacks and ransomware payments skyrocket in 2024 as prices climb appeared first on AIBC.
]]>Data from blockchain analytics company Chainalysis indicates a notable escalation in the number of crypto hacks and ransomware-related transactions between January and July 2024.?The total worth of stolen assets has increased significantly by 84%, totalling $1.58 billion, accompanied by a substantial rise in the typical financial loss per occurrence of 79.5%.
The growing threat of hacking is directed towards centralized exchanges, which are more susceptible to attacks due to their structure.
The Japanese DMM exchange, for instance, suffered a $305 million loss due to an unauthorized leak, accounting for 19% of total stolen funds in 2024.?Ransomware payments have also increased, with $459.8 million paid through June and the median ransom payment rising to $1.5 million.
Hackers supported by North Korea are employing psychological tactics to gain access to online markets where digital assets are bought and sold. In their efforts, certain teams are targeting IT positions within their chosen companies to facilitate their infiltration.
As a result, crypto users are urged to exercise increased caution and implement more rigorous security measures.
Between last year and this year, the total amount of money taken through fraudulent means rose by nearly 84 per cent, reaching $1.58 billion compared to the previous year’s $857 million.?This growth is primarily due to escalating prices and an alteration in customer targeting strategies.
The majority of ransom demands made by cybercriminals target major corporations with substantial financial resources, as they believe these companies will be more willing to pay a significant ransom to unlock their systems.
The “big game hunting” approach, which involves targeting high-value companies more likely to pay large sums to unlock their systems, has resulted in fewer victims but significantly higher payouts.
Despite disruptions in some ransomware groups, others have successfully adapted and generated substantial income by evolving tactics, such as exploiting newly discovered vulnerabilities and employing sophisticated social engineering techniques.
The most substantial recorded ransom payment was a staggering $75 million paid to the notorious Dark Angels gang.?This amount is nearly twice the largest ransom payment made in 2023, underscoring the escalating trend of high-value ransom demands.
Despite a notable decrease in aggregate illicit activity on-chain, the substantial rise in crypto theft has more than compensated for the reduction, resulting in a relatively stable overall trend.?Meanwhile, the growth of legitimate cryptocurrency-related transactions has effectively offset the decrease in illicit activity observed throughout the year.
The report highlights the importance of sustained vigilance and enhanced security protocols to counteract the escalating risks associated with cryptocurrency-related hacking incidents and ransomware demands.
The 2024 mid-year report from Chainalysis serves as a timely reminder of the dynamic nature of crypto crime. It underscores the importance of staying informed and adapting to emerging threats to effectively mitigate risks and ensure the continued growth and security of the cryptocurrency industry.
For the sector to continue growing and thriving, security must remain a top priority. Proactive measures must be implemented to prevent and minimize the risks associated with illicit activities. Collective efforts and a commitment to security will create an environment that protects the interests of all stakeholders in the rapidly evolving cryptocurrency space.
The report underscores the importance of continuous vigilance in the face of an evolving crypto landscape, where adaptability plays a crucial role in reducing the risks associated with increasingly sophisticated threats. To effectively address the dangers posed by evolving crypto crimes, everyone in the industry must stay informed and take proactive steps to protect themselves against these increasingly sophisticated threats.
The post Crypto hacks and ransomware payments skyrocket in 2024 as prices climb appeared first on AIBC.
]]>The post Ethereum market struggles to hold onto gains following a period of increased regulation appeared first on AIBC.
]]>After briefly surging to $2,718 on August 12, Ethereum’s price dropped by 5.7%, indicating that the market likely overreacted to the regulatory news, resulting in a short-lived and unsustainable spike.
Last week’s surge in Ethereum prices can be attributed to a series of significant regulatory breakthroughs.?However, these news events failed to sustain the rally as investors became cautious about the market’s short-term prospects.
At a critical juncture near $2,700, Ethereum encountered intense selling activity that resulted in a dramatic drop in value and a return towards key support zones.
Ethereum’s current slump corresponds with alarming trends visible in its on-chain metrics, marked notably by a surge in staking withdrawal activity.
A record-high of 122,000 ETH were removed from staking pools within a week’s time, exceeding the previous May benchmark. Furthermore, data analysis reveals a potential drop in morale among Ethereum stakers, which is somewhat puzzling given recent regulatory advancements.
These withdrawals, totaling approximately $521 million at an average price of $2,620, indicate increasing selling pressure as investors look to reduce their holdings.?As Ethereum’s value drops further, data suggests an intensification of negative market trends.
A bearish pattern is visible in the Ichimoku Cloud indicator for ETH/USD, with the current market value of Ethereum trading beneath the cloud formation.?It appears the decline may keep going, with the bears possibly aiming for a price floor at $2,500.
If Ethereum can’t maintain its price above $2,550, a larger market downturn is likely.
The Accumulation/Distribution Line (ADL) also shows a decline, reflecting greater selling pressure than buying interest, further supporting the bearish outlook.?If Ethereum doesn’t maintain support above $2,550, it could lead to a wider sell-off, with the next key support level at $2,400.
Uncertainty surrounding the US economy, driven by rising interest rates and concerns about an impending recession, is likely to exacerbate bearish tendencies among investors.?The overwhelming consensus among Polymarket users is that only 20% believe Ethereum will reach a new record high in the upcoming year.
The dismal forecast for Ether follows its inability to break through the $4,000 mark despite the introduction of US-based spot Ethereum ETFs.?Most investors are placing their bets on Ether failing to surpass its previous record high by the end of 2024.
The Ethereum price had difficulty in stabilizing above $2600, potentially creating an opportunity for buyers to accumulate more capital and attempt a breakout towards $3000.
A potential move by ETH could counteract the impact of an impending bearish signal.
However, a death cross is a technical indicator that signals a potential shift in market sentiment, occurring when the shorter-term moving average falls below the longer-term moving average, which may lead to decreased investor confidence and increased selling activity.
As traders become increasingly aware of the impending death cross, they may choose to liquidate their positions, which could lead to a surge in selling pressure and ultimately result in Ethereum’s price falling to approximately $1,830.
Additionally, the presence of short-term resistance at $2,700 is a significant contributor to the prevailing bearish sentiment surrounding Ethereum’s price trajectory.
While the market remains uncertain, the short-term outlook for Ethereum appears bleak, despite favorable long-term regulatory news. With rising staking withdrawals and weakening momentum, Ethereum may face additional losses in the coming days.
However, if Ethereum can stabilize above key support levels, there is still a chance for a rebound. Should the price hold around $2,550 and demand pick up, Ethereum could attempt to retest the $2,600 resistance level. Breaking through this level might open the door for a recovery towards $2,718.
The post Ethereum market struggles to hold onto gains following a period of increased regulation appeared first on AIBC.
]]>The post Market insights: key stock moves and investor highlights from a volatile week appeared first on AIBC.
]]>Benzinga has recently spotlighted several stocks that investors should keep an eye on. Here’s a recap of some key insights.
Following the most tumultuous week for markets in 2024, major indexes experienced a significant rally.?The S&P 500 increased by 0.04%, with the Dow Jones and Nasdaq rising by 0.6% and 0.18%, respectively.
This week marked the most volatile market period in 2024. The Dow tumbled over 1,000 points on Monday, and the S&P 500 lost 3%, driven by disappointing payroll data and uncertainty about when the Federal Reserve might lower interest rates.
However, a midweek shift occurred after the Bank of Japan maintained its dovish stance on Wednesday, helping stabilize the yen carry trade unwind, which had been affecting liquidity in riskier assets. This, combined with positive jobless data on Thursday, fueled a rally in the major indices and eased some concerns about the U.S. economy.
PLTR’s stock price has surged to new heights, fueled by successful partnerships and upgraded projections that reflect growth in US commercial sales and advancements in artificial intelligence.
Key partnerships with companies like Microsoft Corp. and Wendy’s, and increased forecasts driven by solid U.S. commercial revenue and enhanced AI capabilities. Adam Eckert explores this momentum in his article, “Palantir’s Rally Toward Yearly Peaks: Behind the Momentum.”
The company’s quarterly results have exceeded expectations, leading to increased investor confidence. Dogecoin is showing signs of recovery from a major support level, which some traders believe could signal a bottom.
This could be an opportune moment for long-term investment as the coin rebounds from a 37% weekly low. Its bounce from key support levels might be a sign that the price is starting to stabilize.
A significant opportunity may arise for long-term investing following the cryptocurrency’s notable price increase from its low point last week.
Additionally,?Robinhood Markets Inc. (HOOD) is also receiving praise for its innovation and market growth.
Nvidia Corp. (NVDA) is facing challenges with the release of its Blackwell series chip due to design issues. This delay could impact major clients such as Meta Platforms Inc. (META), Microsoft Corp. (MSFT), and Alphabet Inc. (GOOGL).
These companies rely on Nvidia’s cutting-edge technology for powering advanced AI applications, cloud computing, and data centers. Any delay could disrupt their ongoing projects and future innovations, potentially affecting their competitive positioning in the tech landscape.
Tesla Inc. (TSLA) is also currently facing a surge in competition from lower-cost electric vehicles (EVs), which are gaining traction in the market. However, CEO Elon Musk remains optimistic, viewing this as a temporary challenge.
However, Musk is confident that Tesla’s ongoing efforts to develop more affordable EV models will mitigate this competition by 2025. Tesla’s strategy includes enhancing its manufacturing efficiency, reducing production costs, and leveraging advancements in battery technology.
Lastly,?Celsius Holdings Inc. (CELH) has been downgraded by a Bank of America (BofA) analyst, signaling a challenging road ahead for the company.
The downgrade is based on expectations of a tough consumer market, with no significant recovery anticipated until 2025. This outlook suggests that Celsius may struggle to maintain its growth trajectory in the near term, as consumers become more cautious with their spending amid economic uncertainties.
Market expert Peter Brandt anticipates that Solana’s price will potentially more than double that of Ethereum within the next couple of months.?The Solana-Ethereum comparison reveals that Solana’s recent rebound exceeds that of Ethereum based on the SOLETH metric.
In the opinion of Tether’s chief executive, the MiCA regulation creates an unacceptable level of risk for European financial institutions and their use of stablecoins.
The price of several assets saw multi-month lows following this event.
The post Market insights: key stock moves and investor highlights from a volatile week appeared first on AIBC.
]]>The post Bitcoin whales make a bold move amid market volatility appeared first on AIBC.
]]>According to Glassnode’s findings, there has been a significant rise in investor transactions, leading to the largest net transfer of Bitcoins out of exchanges in nearly a decade. Over the past month, this group of whales has moved an impressive 64,000 Bitcoins from exchange platforms to more secure personal storage locations.
The rise in withdrawal numbers can be seen as an indicator of increased investor optimism about BTC’s long-term value.
Despite recent price drops, large Bitcoin holders have been moving their assets, suggesting a strategy to capitalize on potential future increases. According to CryptoQuant’s CEO, Ki Young Ju, these major investors accumulate significant amounts of cryptocurrency each week.
JUST IN: Long-term #Bitcoin hodlers have bought $23B $BTC in the past 30 days (+404K BTC)
…and you're worried about Germany, Mt Gox, Celsius ?? pic.twitter.com/EyuLTeBItQ
— Bitcoin Archive (@BTC_Archive) August 7, 2024
Recent data shows a substantial increase in the amount of Bitcoin held by large wallets, including those used for spot ETFs and custody services, with this year’s total reaching approximately 1.45 million BTC. This surge is further highlighted by whales moving significant quantities of the digital currency away from exchanges, suggesting a strategy to shield their assets from market fluctuations by storing them in secure, personal vaults.
Hence, despite recent downward adjustments in value, the leading cryptocurrency has remained above crucial macroeconomic thresholds.
Analyst Titan of Crypto pointed out that BTC’s ability to maintain a price point above the vital level of $61,600 indicates a degree of stability and a reduced risk of a sharp decline despite the turmoil currently affecting the market.?The digital asset’s resilience can be viewed as a sign of strength, indicating that its underlying principles are still solid even in periods of temporary fluctuations.
Whales remain actively engaged in purchasing the blockchain token, signaling a strong confidence in the asset’s long-term prospects. This ongoing activity suggests a positive outlook for the market, implying that large investors are betting on future value appreciation. Data analysis supports this view, showing that substantial purchases by these market players frequently occur just before notable price increases.
As institutional investors increasingly enter the Bitcoin market, its dynamics are expected to shift significantly.?Their involvement is likely to lead to increased market stability and liquidity, as well as potentially higher trading volumes.?This shift could also affect how the virtual currency is perceived as an asset class, potentially altering investment strategies and market trends.
The consistent acquisition of Bitcoin by whales reflects a strong belief in its long-term value and potential.?This ongoing buying activity signals confidence in BTC’s future, which can instill a more positive outlook within the broader market.
As whales continue to invest, their actions may encourage other investors to follow suit, potentially driving further price increases. This ripple effect can enhance market sentiment and lead to a more optimistic view of the blockchain token’s prospects.?Market observers watch these trends keenly to understand how they might impact future price movements and overall market behavior.
In a significant development, major Bitcoin investors accumulated 84,000 units in July and initiated their most significant withdrawal transactions from exchange platforms in nearly a decade.?This development, alongside the cryptocurrency’s performance above critical levels, indicates it has a good chance of experiencing future increases in value.
The moves made by significant investors may send crucial indicators about BTC’s potential price trajectory.?As the market continues to navigate through volatility, whales’ accumulation strategies may play a pivotal role in shaping the cryptocurrency’s trajectory.
#Bitcoin On-chain Data Summary:
Bullish
? Hashrate Recovery: Miner capitulation is nearly over, with hashrate nearing ATH. U.S. mining costs are ~$43K per BTC, so hashrate likely stable unless prices dip below this.
? Whale Accumulation: Significant BTC inflows into custody…
— Ki Young Ju (@ki_young_ju) August 6, 2024
The post Bitcoin whales make a bold move amid market volatility appeared first on AIBC.
]]>The post New partnership at Bistamp sparks crypto accessibility appeared first on AIBC.
]]>According to research from Triple-A, a digital currency paytech, the number of global crypto users surged from 420 million in 2022 to 562 million in 2023. This significant increase in crypto usage necessitates that organizations adapt accordingly. Firms that fail to cater to the growing popularity of cryptocurrency risk losing customers to their competitors.
To simplify the integration of crypto payments, Bitstamp has partnered with Stripe, a financial infrastructure platform. Four months ago, Stripe announced its re-entry into the crypto sphere after a six-year absence. As it seeks to establish itself in the digital assets ecosystem, this partnership will serve as a bridge between the world of traditional finance and the decentralized ecosystem.
Bitstamp will support Stripe’s fiat-to-crypto onramp across the EU by managing the conversion and transfer of fiat currency to cryptocurrency for consumers. This expansion of Bitstamp-as-a-service further solidifies cryptocurrency’s role as a vital part of the digital payments’ ecosystem.
Stripe’s onramp is a customizable widget that developers can embed directly into their app or website. It provides users with a seamless checkout experience optimized for cryptocurrency conversion and allows instant settlement of crypto transactions. Developers can integrate Stripe’s crypto onramp directly into their products with just a few lines of code, while Stripe and Bitstamp handle the underlying complexity.
But Bitstamp’s efforts to make crypto more accessible don’t stop with new merchants and consumers. By partnering with Kryptos, a web3 finance platform, Bitstamp is also ensuring that users within the space benefit from the latest technologies.
The partnership will allow users to link their Bitstamp accounts with the Kryptos platform, unlocking a new realm of financial possibilities within the Web3 ecosystem. As a result, users gain the ability to manage their digital assets and access a suite of advanced financial tools on Kryptos. This integration combines the strengths of both platforms to enhance user experience and financial management capabilities.
A key aspect of this partnership is the enhanced ability for users to maintain compliance with their crypto tax obligations amidst growing regulatory scrutiny12. The integration provides users with the necessary tools to generate accurate tax reports and maintain compliance with local regulations12. Users can also perform comprehensive portfolio analysis, real-time tracking, and receive personalized financial insights, making it easier to navigate the complexities of cryptocurrency investment and management.
This partnership with Bitstamp marks a significant milestone for Kryptos as it continues to expand its ecosystem and integrate with leading platforms in the crypto space. By combining Bitstamp’s robust trading infrastructure with Kryptos’ advanced Web3 financial tools, a new standard for accessibility and compliance in the digital asset industry is being set.
The post New partnership at Bistamp sparks crypto accessibility appeared first on AIBC.
]]>The post XRP market capitalization soars as whales accumulate billions appeared first on AIBC.
]]>However, the on-chain platform Santiment reports that there are more reasons behind the price surge. In particular, there is significant accumulation among high-net-worth holders, or “whales” and “sharks.” Recent data reveals that wallets containing between 1 million and 10 million XRP now hold a record 7.06 billion coins, valued at approximately $4.42 billion.
This surge in accumulation is noteworthy, reflecting a 10.4 percent increase of 662.4 million XRP acquired this August alone. This accumulation trend has pushed XRP’s social media discussions to their highest levels since January, indicating growing public interest and market sentiment.
It is interesting to see how things will change within these wallets after the news of the SEC v. Ripple ruling broke. It may seem that all of this accumulation was built specifically in anticipation of a resolution in the case that has been dragging on for the last four years.
Now, the burden of legal troubles is gone for XRP and Ripple, although the appeal may still be filed, and it will be other narratives that will influence the price action of the popular cryptocurrency.
The 7.06 billion XRP is an enormous amount, representing 12.5 percent of the circulating supply of the token, according to data from CoinMarketCap. Once released on a market, it can cause irreparable damage to the price of XRP. On the other hand, the concentration of so many tokens in whales’ wallets provides a kind of support for XRP.
Thus, such an ambivalent situation arises. The future of XRP is now more intriguing than ever, with its legal troubles behind it and a significant accumulation of tokens in the hands of whales. As the cryptocurrency market continues to evolve, the actions of these high-net-worth holders will undoubtedly play a crucial role in shaping XRP’s trajectory.
The post XRP market capitalization soars as whales accumulate billions appeared first on AIBC.
]]>